Retailers beware: Resumption of student loan payments could lead some buyers to pull back
, the coming resumption of student loan payments poses yet another potential challenge., which took effect at the height of the pandemic in 2020, expires late this summer. Interest will start accruing again in September. Payments will resume in October.struck down a Biden administration plan
Josh Bivens, chief economist at the Economic Policy Institute think tank, suggested that the likely hit to the economy might amount to perhaps one-third of a percentage point of gross domestic product — the nation's total output of goods and services — or about $85 billion or $90 billion a year. But those pandemic relief programs, including the student loan moratorium, are ending and adding to the obstacles the economy is facing.
Among the individual companies that could be hurt, according to the Deutsche Bank analysis, are Macy’s, Target and Kohl’s. The largest retailer, Walmart, is thought to be insulated from major damage because of its grocery business. in March and April that year. Massive government aid fueled a rebound of surprising speed, strength and resilience.
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